Commercial Building Construction in the US

Hard times ahead

Recently, this mature industry has struggled to achieve growth. However, refitting existing shopping malls, creating new shopping precincts and rebuilding from storm damaged buildings might provide opportunities for growth in the future. The industry maintained robust profit growth through the mid-to-late 2000s driven by accelerated growth of investment into the lucrative office and hotel construction markets. However the recession-induced slump in commercial property investment during 2009 has resulted in the severe narrowing of industry profit margins.

This industry comprises establishments primarily responsible for the complete construction (i.e., new work, additions, alterations, and repairs) of commercial buildings (e.g., retail stores, office buildings, and hotels). Establishments identified as commercial building construction management firms are also included in this industry. Types of establishments include commercial building general contractors, design builders, engineer-constructors, joint-venture contractors, and turnkey contractors.